Weekly Report of Cement Net: Slow Recovery of Concrete Demand, Steady Decline of Market Quotation (2.17-2.21)

From February 17 to February 21, the national concrete price index closed at 100.27 points, down 1.76% annually and 19.23% year-on-year. Regionally, local concrete prices in Hubei, Henan, Chongqing, Yunnan and Qinghai have been reduced by 10-30 yuan per square meter, while concrete prices in other provinces and cities in China remain stable.

Figure 1: Trend

of Concrete Price Index in the Past Year Data Source: Cement Big Data (https://data.ccement.com/)

1

. From February 17 to February 21, affected by the expansion of the index sample, the southwest region had the largest decline, with the concrete price index falling by 6.00%, followed by the central and southern regions and North China, with the concrete price index falling by 1.83% and 1.09% respectively; The concrete price index in East China, Northwest China and Northeast China fell slightly by 0.79%, 0.30% and 0.18%, respectively.

Table 1: Comparison

of Concrete Price Indices in Six Regions Data Source: Cement Big Data (https://data.ccement.com/)

The concrete market in different regions is as follows: